NumisMedia Weekly Market Report
Current News and Analysis of the
United States Rare Coin Market
February 13, 2012

Premiums at Advantageous Levels on U. S. Gold
The last couple of weeks the dealer teletypes have been very busy, mostly with bullion related coins. The amount of buying messages seems to indicate that many dealers are confident in rising metals as they appear to be taking stronger positions in Gold and Silver products. In addition, dealers also appear to be taking advantage of the low premiums on classic U.S. Gold. With Gold at $1,723, Saints melt at $1,667. MS61 Saints are wholesaling at $1,770 and the MS63 is only $1,810, a very small difference for a much better coin.

The latest issue of the LD Wholesale Market Dealer Price Guide shows a tendency to higher levels for the lower pop coins in high grades. Collectors are still in the market for the best they can afford and competition is solid for those coins that have extra eye appeal such as CAC coins. Bust and Seated Dimes are sought by dealers and collectors and not just the high grades. The 1798/97 16 Star Reverse is higher in AU55 at $5,450. There are several increases for tough-to-find coins in grades Extra Fine to AU53. In the higher grades, the 1796 moved up to $48,500 in MS64, while the 1809 advanced in MS65 and MS66 to $18,500 and $26,500, respectively.

Standing Liberty Quarters have always been a very popular coin among collectors. As a result of the Heritage Long Beach Auction, there are numerous increases to the market price for many of the high end coins that are rarely encountered in the market. The 1927 S in MS66 is now at $12,500; this is always a tough date and is extremely rare with Full Head. Numerous rare Full Head coins increased this past week as follows: